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November 30, 2021

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Most Gulf bourses slide on vaccine efficacy worries

Reuters
A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed/File Photo Register now for FREE unlimited access to reuters.com Register Nov 30 (Reuters) – Most stock markets in the Gulf......

Australia shares rebound, gain 1% as investors absorb Omicron shock

Reuters
Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray – RC19ABB37760 Register now for FREE unlimited access to reuters.com Register Nov 30 (Reuters) – Australian shares gained 1% on Tuesday, recovering......

Cyber Monday spending expected to slow as shoppers see fewer deals

Reuters
Nov 29 (Reuters) – U.S. retailers are estimated to generate online sales of up to $11.3 billion on Cyber Monday, a decline in growth from a year earlier as fewer discounts and limited choices due to global supply chain disruptions deter shoppers. Retailers had also spread out promotional deals across......

Tech rally lifts Wall Street from Omicron-driven slump

Reuters
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to reuters.com Register Travel, energy stocks bounce from recent lows Nasdaq leads gains, tech demand seen strong......

Gold steady as Omicron fears offset strength in dollar

Reuters
Gold could trade between $1,780/oz and $1,830/oz- analyst Fed Governor Bostic open to accelerating stimulus tapering Nov 29 (Reuters) – Gold prices steadied on Monday as concerns over the impact of the Omicron coronavirus variant offset a stronger dollar, with investors assessing whether the emergence of the variant could change......

Gold ticks higher as Omicron virus variant woes boost appeal

Reuters
Nov 29 (Reuters) – Gold prices edged higher on Monday, as concerns over the impact of the possibly vaccine-resistant Omicron coronavirus variant supported the precious metal’s safe-haven appeal. FUNDAMENTALS * Spot gold rose 0.1% to $1,793.72 per ounce by 0201 GMT. U.S. gold futures advanced 0.4% to $1,793.2. Register now......

Formula One team founder Frank Williams dies aged 79

Reuters
F1 team founder Frank Williams dead at 79 Briton ran one of the sport’s most successful teams Domenicali hails ‘true giant of our sport’ Nov 28 (Reuters) – Frank Williams, founder and former boss of a team that bore his name and that still ranks as one of the most......

Britain, Croatia through to Davis Cup quarters, Australia eliminated

Reuters
Nov 28 (Reuters) – Britain and Croatia booked spots in the Davis Cup quarter-finals after topping their respective groups on Sunday, while 28-times champions Australia were knocked out. Britain’s doubles pair of Joe Salisbury and Skupski won in straight sets to seal the tie against the Czech Republic 2-1 and......

Leicester fire four goals past Watford in winter wonderland

Reuters
LEICESTER, England, Nov 28 (Reuters) – Leicester City thumped Watford 4-2 in the Premier League amid heavy snowfall which reduced visibility and made playing conditions difficult at the King Power Stadium on Sunday. Watford boss Claudio Ranieri, who guided Leicester to their only league title against overwhelming odds in 2015-16,......

Burnley v Spurs called off due to heavy snowfall

Reuters
BURNLEY, England, Nov 28 (Reuters) – The Premier League match between Burnley and Tottenham Hotspur at Turf Moor was called off less than an hour before kickoff due to heavy snowfall on Sunday. “Due to concerns with the playing surface and surrounding areas, it’s been deemed that the game can’t......

Most Gulf bourses slide on fears over COVID-19 variant

Reuters
Nov 28 (Reuters) – Most Gulf stock markets fell sharply in early trade on Sunday, with the Saudi index suffering its biggest single-day fall in nearly two years as fears of a potentially vaccine-resistant coronavirus variant rattled investors. The World Health Organization (WHO) on Friday designated a new COVID-19 variant......

Britain beat France 2-1 in Davis Cup, Australia struggle

Reuters
Nov 27 (Reuters) – Britain beat France 2-1 in their opening Davis Cup tie in Innsbruck to move top of their group after Dan Evans and Cameron Norrie won their singles rubbers in straight sets on Saturday. Evans beat Adrian Mannarino 7-5 6-4 in a little under two hours to......

CDC says no cases of Omicron identified in U.S. so far

Reuters
A general view of the U.S. Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia September 30, 2014. REUTERS/Tami Chappell/File Photo Nov 26 (Reuters) – No cases of new COVID-19 variant detected in South Africa have been identified in the United States to date, the U.S. Centers for......

Novavax developing vaccine that targets new COVID-19 variant

Reuters
A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to reuters.com Register Nov 26 (Reuters) – Novavax Inc (NVAX.O) said on......

Blue Prism shareholder Coast opposes Vista’s new takeover offer

Reuters
Nov 26 (Reuters) – Blue Prism (PRSMB.L) shareholder Coast Capital said on Friday it will not support private equity firm Vista Equity’s final takeover offer of 1.22 billion pounds ($1.62 billion) for the British software firm on grounds it undervalues the company. U.S.-based Coast, which owns around 2.8% of Blue......

Merck’s COVID-19 pill significantly less effective in new analysis

Reuters
An experimental COVID-19 treatment pill, called molnupiravir and being developed by Merck & Co Inc and Ridgeback Biotherapeutics LP, is seen in this undated handout photo released by Merck & Co Inc and obtained by Reuters on October 26, 2021. Merck & Co Inc/Handout via REUTERS Register now for FREE......

From cruise operators to airlines: ‘Reopening’ stocks tumble on variant fears

Reuters
Nov 26 (Reuters) – Companies benefiting from this year’s economic reopening, including AMC Entertainment, United Airlines and Carnival Corp, were hammered on Friday by fears over a new and possibly-vaccine resistant coronavirus variant. The variant, discovered in South Africa, prompted several countries to tighten border controls and investors to dump......

Micron, UMC to withdraw IP complaints against each other

Reuters
Micron Technology’s solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis Register now for FREE unlimited access to reuters.com Register Nov 25 (Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) and Taiwanese peer United Microelectronics Corp (UMC)......

KKR, CVC Capital in talks to jointly bid for Telecom Italia – Bloomberg News

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to reuters.com Register Nov 25 (Reuters) – KKR & Co (KKR.N) and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA......

Most Latam currencies slip; rate hike prospects lift Brazil’s real

Reuters
Mexican economy shrinks more than expected Brazil’s inflation hits highest in almost 20 years Turkish lira up 0.6%; central bank, banks discuss rates Hungary’s forint pulls away from all-time lows Nov 25 (Reuters) – Latin American currencies lagged emerging market peers on Thursday, with Mexico’s peso hit by shrinking economic......

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